SIDO – Plans IDR300 bn shares buyback

SIDO – Plans IDR300 bn shares buyback Sido Muncul (SIDO) plans to repurchase up to 450 mn shares, allocating a maximum of IDR300 bn for the buyback, with a price cap of IDR760 per share. The buyback, pending shareholder approval in May’25, will be conducted over 12 months, ensuring compliance with regulations. SIDO assures that this move will not impact its financial stability, as it maintains strong cash flow and working capital. Note that, SIDO recorded revenue of IDR3.92 tn (+9.90% yoy) and net profit of IDR1.17 tn (+23.18% yoy) in FY24. (Source : Bisnis Indonesia)